Latest News
-
Indian Railway Finance Corp (IRFC): Top NBFC Railway Stock Advised To BUY; Short-To-Long Term Target Prices -
2 Multibagger Defence To Shield Your Money, Buy On April 24; Prabhudas Sets Target Prices, Stop Loss -
Rs 3.5/Share Dividend Declared: NBFC Declares 55.5% YoY Surge In PAT, Shares Up 87% In 1-Yr -
Rs 118/Share Dividend: Healthcare Stock Below Rs 400 Turned Ex-Dividend, Payout Soon; Buy For Rs 515 Target -
6,693% Returns: Below Rs 75, Pharma Penny Stock Ex-Dividend For Rs 40/Sh Payout After 9 Years; Do You Own? -
TCS Vs Infosys Vs Wipro Shares, ADRs, Upcoming Dividends: Which Mega IT Stocks To Buy After Q4 Results? -
SBI Card Launches 3 New Variants of Its Travel Credit Card ‘SBI Card MILES’ -
25% Dividend Record Date: Logistic Stock Nears 1-Year High And It Belongs To Mahindra; Motilal Neutral -
1:10 Split, 26 Dividends: Tata's 26-Year-Old Retail Stock In Focus, Q4, Dividend Ahead; Buy For Target Rs 4200 -
1:5 Split Soon: Rs 2,300 Defence Stock To Split Into Five Shares, Rs 400 Cr Fundraising Too; Hits 52-Week High
SBI, SBI Cards, HDFC and Maruti Near 52-week Lows
Bluechip stocks continue to be beaten down by investors, as worries mount that the coronavirus infections could impact profitability. Stocks like Maruti, SBI Cards, SBI and HDFC are now very close to their 52-week lows.
Stocks that are a just a few per centage points from 52-week lows
| Scrip | Last traded price | Per cent from 52-week low |
| SBI Cards | Rs 588 | 2.44% |
| HDFC | Rs 1525 | 3.42% |
| SBI | Rs 178 | 5.55% |
| PVR | Rs 986 | 3.40% |
| Maruti | Rs 4199 | 4.42% |
Is there is a further downside risk?
Some of these stocks are bluechip names, and apart from the covid-19 infections, nothing has changed fundamentally for these companies. It is highly possible, once corona virus infections abate, it could be business as usual for some of these companies.
However, at the moment one is not certain when the infections would abate and when it would be back to normal. For the auto sector, it is likely to take a lot of time for business to be back to normal and hence companies like Maruti may continue to see some pressure.
On the other hand, banks like State Bank of India could see rising level of non performing assets in the next two quarters at least, especially from the retail side.
